Table 7-6 Output Per Hour Production and Production

question 21

Multiple Choice

Table 7-6
Output per hour Production and Production
of work Consumption without Trade with Trade
Estonia and Morocco can produce both swords and belts.Each country has a total of 40 available labor hours for the production of swords and belts.Table 7-6 shows the output per hour of work,the production and consumption quantities without trade,and the production numbers with trade.
-Refer to Table 7-6.Prior to trade,what was the opportunity cost to produce 1 belt in Morocco?

• A)1/2 of a sword
• B)1 sword
• C)1.5 swords
• D)2 swords

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Definitions:

Mutual Trust

The shared belief between parties that each will act in the interest of the other, critical for successful personal and professional relationships.

Supply Chain

A configuration of groups, participants, operations, insights, and resources tasked with the delivery of a product or service from the producer to the purchaser.

Partnering Relationships

Strategic alliances between businesses or organizations aimed at achieving common goals through cooperation.

Suppliers

Businesses or individuals that provide goods or services to another business, often as part of a supply chain.